2020 (1) TMI 1626

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....r the Appellant : Shri Deepak Mahajan, Advocate For the Respondent : Shri Y. Singh, Authorised Reprehensive ORDER ANIL CHOUDHARY The issue in this appeal is whether the disbursement of Capital Subsidy to the appellant industry, by way of Form 37-B (vouchers), which the appellant under the Scheme of the State Government of Rajasthan, utilised such vouchers in discharge of their sales ta....

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....sed for the purpose of payment of sales tax liability. It was also held that after setting up of the industry initially the assessee was required to remit the VAT to the Government. Subsequently, as per eligible criteria, the capital investment subsidy is disbursed in Form 37B Challan/Vouchers. Such challans are as good as cash, but can only be used for payment of VAT/Sales Tax in the subsequent p....